HSBC Initiates Coverage on AGI (NYSE:AGBK)

Stock analysts at HSBC began coverage on shares of AGI (NYSE:AGBK) in a research note issued on Thursday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. HSBC’s price target suggests a potential upside of 42.31% from the stock’s previous close.

Separately, Wall Street Zen upgraded AGI to a “hold” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $15.00.

AGI Trading Down 4.2%

Shares of NYSE:AGBK opened at $10.54 on Thursday. AGI has a 52-week low of $10.21 and a 52-week high of $12.21.

About AGI

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.